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Buy Gold Bars at Costco? Why Guns, Gold, and Hard Assets Go Viral

The numbers show that when the going gets tough, Americans get to buying guns and gold. Signs of this gold rush might even be found amongst something as commonplace and red, white, and blue as Costco's floor-to-ceiling pallets of bulk household products and its $1.50 hotdog line. But the gold's origins are not so red, white, and blue.

Apr 12, 2024 02:28 PM EDT

Markets

Tech Titans Urge Senate: The Case for a TikTok Ban

Recently, Vinod Khosla, a luminary in venture capitalism, alongside Jacob Helberg, a senior advisor at Palantir, escalated the discourse by penning a compelling open letter to the U.S. Senate. Their message? It's time for a TikTok Ban.

Markets

Gold's Glittering Rally: Hitting Record Highs Amid Rate Cut Buzz

Gold is not just commanding attention now; it's practically screaming from the rooftops. On Monday, bullion prices soared to another record high, driven by whispers of U.S. interest rate cuts and its timeless allure as a safe haven asset. Let's dive into what's sparking this golden rally.

Markets

Why You Need to Think About Investing in LSD

What's not normal is pretending that mental illness doesn't affect everyone to some degree, or that it isn't getting worse. It is. It's why there's a rich history of psychedelics in literature. In Plato's Phaedo, the philosopher says he was inspired by the Eleusinian Mysteries, an ancient religious ceremony where participants took psychedelics.

Chipotle in Boston Reopen After Norovirus Outbreak

After a norovirus outbreak in its Beacon Street's restaurant in Boston earlier this month, Chipotle reopens the restaurant.

Dec 28, 2015 03:40 AM EST

ConocoPhillips exits Russia

After 23 years of doing business in Russia, ConocoPhillips has withdrawn from the country. It has confirmed the sale of 50 percent stake in Polar Lights, a joint venture with Russian government-owned Rosneft. Western sanctions on Russia are also impacting the oil and gas industry amid lower oil prices.

Dec 23, 2015 09:54 AM EST

McLaren 675 Spyder sold out within 2 weeks

The all new 500 units of McLaren 675 Spyder have now been sold, just two weeks after the car was first revealed. The $350,000 car is expected to be delivered to its buyer by the beginning of summer 2016.

Dec 23, 2015 09:52 AM EST

US holiday travelers save big on cheaper gasoline - oil price watchdog

The average US gasoline price per gallon is hovering below $2. The US holiday travelers are expected to save $1.6 billion on gasoline this year. The US gasoline price eased to lowest since 2008.

Dec 23, 2015 10:11 AM EST

Consumer spending pumps up US economy to 2% in Q3

Led by consumer spending, the US economy grew two percent in third quarter as against 3.9 percent in the second quarter. Government outlay and business investment supported the US economy during the quarter while household buying kept up the demand during the third quarter.

Dec 23, 2015 09:33 AM EST

Lower oil price forces Shell to abort Arctic oil project

Anglo-Dutch oil major Shell has finally abandoned its drilling operations in Alaska Arctic region citing reason of oil price drop. Shell has been facing several regulatory and climatic challenges in addition to protests from environmentalists. The oil price has been hovering at $40 a barrel throughout 2015.

Dec 23, 2015 09:29 AM EST